the foreign central banks get their bonds paid for by the American taxpayers. Given that the bonds are backed by mortgages taken out by those very same America

the foreign central banks get their bonds paid for by the American taxpayers. Given that the bonds are backed by mortgages taken out by those very same American taxpayers, it doesn't seem all that unfair. (And all those T-bills, as well as the mortgage bonds, were bought by dollars paid to overseas businesses to buy lots of cheap goods for American consumers).